UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A-3
Under the Securities Exchange Act of 1934
TOREADOR ROYALTY CORPORATION
COMMON STOCK $0.15625 PAR VALUE
891041 10 5
(Cusip Number)
PETER L. FALB, 33 BROAD STREET, BOSTON, MA 02109
Telephone: (617) 742-0666; Facsimile (617) 742-2304
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 1, 1996
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement
[ ].
CUSIP No. 891041 10 5
1. Name of Reporting Person/S.S. or I.R.S. Identification
No. of Above Person
PETER LAWRENCE FALB ###-##-####
2. Check the appropriate box if a member of a group
(a) [ ]
(b) [X]
3. SEC Use Only
4. Source of Funds
PF
5. Check box if disclosure of legal proceedings is
required pursuant to items 2(d) or 2(e)
[ ]
6. Citizenship or Place of Organization
USA
7. Sole Voting Power
111,000
8. Shared Voting Power
585,800
9. Sole Dispositive Power
111,000
10. Shared Dispositive Power
585,800
11. Aggregate amount beneficially owned by each reporting
person
696,800
12. Check box if the aggregate amount in Row (11) excludes
certain shares
[ ]
13. Percent of class represented by amount in Row (11)
13.2%
14. Type of Reporting Person
IN
Page 2 of 8 Pages
CUSIP No. 891041 10 5
1. Name of Reporting Person/S.S. or I.R.S. Identification
No. of Above Person
EDWARD NATHAN DANE ###-##-####
2. Check the appropriate box if a member of a group
(a) [ ]
(b) [X]
3. SEC Use Only
4. Source of Funds
00
5. Check box if disclosure of legal proceedings is
required pursuant to items 2(d) or 2(e)
[ ]
6. Citizenship or Place of Organization
USA
7. Sole Voting Power
0
8. Shared Voting Power
585,800
9. Sole Dispositive Power
0
10. Shared Dispositive Power
585,800
11. Aggregate amount beneficially owned by each reporting
person
585,800
12. Check box if the aggregate amount in Row (11) excludes
certain shares
[ ]
13. Percent of class represented by amount in Row (11)
11.1%
14. Type of Reporting Person
IN
Page 3 of 8 Pages
CUSIP No. 891041 10 5
1. Name of Reporting Person/S.S. or I.R.S. Identification
No. of Above Person
FIRETHORN I LIMITED PARTNERSHIP 04-3064184
2. Check the appropriate box if a member of a group
(a) [ ]
(b) [X]
3. SEC Use Only
4. Source of Funds
00
5. Check box if disclosure of legal proceedings is
required pursuant to items 2(d) or 2(e)
[ ]
6. Citizenship or Place of Organization
MASSACHUSETTS
7. Sole Voting Power
188,000
8. Shared Voting Power
0
9. Sole Dispositive Power
188,000
10. Shared Dispositive Power
0
11. Aggregate amount beneficially owned by each reporting
person
188,000
12. Check box if the aggregate amount in Row (11) excludes
certain shares
[ ]
13. Percent of class represented by amount in Row (11)
3.6%
14. Type of Reporting Person
PN
Page 4 of 8 Pages
CUSIP No. 891041 10 5
1. Name of Reporting Person/S.S. or I.R.S. Identification
No. of Above Person
DANE, FALB, STONE & CO., INC. 04-2622331
2. Check the appropriate box if a member of a group
(a) [ ]
(b) [X]
3. SEC Use Only
4. Source of Funds
00
5. Check box if disclosure of legal proceedings is
required pursuant to items 2(d) or 2(e)
[ ]
6. Citizenship or Place of Organization
MASSACHUSETTS
7. Sole Voting Power
396,000
8. Shared Voting Power
800
9. Sole Dispositive Power
396,000
10. Shared Dispositive Power
800
11. Aggregate amount beneficially owned by each reporting
person
396,800
12. Check box if the aggregate amount in Row (11) excludes
certain shares
[ ]
13. Percent of class represented by amount in Row (11)
7.5%
14. Type of Reporting Person
IA
Page 5 of 8 Pages
CUSIP No. 891041 10 5
The Schedule 13D previously filed and amended by the undersigned
(the "Reporting Persons") with respect to the Common Stock, $.15625 par
value, of Toreador Royalty Corporation (the "issuer") is hereby further
amended as follows:
Item 3 is amended and restated to read in its entirety as follows:
Item 3 Source and Amount of Funds or Other
Consideration:
As to 188,000 shares, portfolio funds of
Firethorn I Limited Partnership.
As to 111,000 shares, personal funds of
Peter L. Falb.
As to 396,800 shares, portfolio funds of
investment advisees of Dane, Falb, Stone &
Co., Inc.
Item 4 is amended and supplemented by the following information:
Item 4 Purpose of Transaction:
All the shares were purchased and are being held
for investment purposes. Decreases in the number of
shares owned as reported herein from the numbers
previously reported are due to a shift of management
contracts with two clients. Ownership of the shares
is as follows:
(a) Investment advisory clients of Dane,
Falb, Stone & Co., Inc. ("DFS"), an investment
adviser registered under the Investment
Advisers Act of 1940, hold 396,800 shares. Of
those shares, DFS has sole voting and
dispositive power with respect to 396,000
shares and shared voting and dispositive power
with respect to 800 shares. Peter L. Falb and
Edward Nathan Dane are the principals and sole
stockholders of DFS and to the extent that DFS
has the power to vote and dispose of the
shares held by its investment advisory
clients, they share such power. The
acquisition of such 396,800 shares was made in
the ordinary course of business and not with
the purpose nor with the effect of changing or
influencing the control of the issuer nor in
connection with or as a participant in any
transaction having such purpose or effect.
The beneficial ownership by DFS of such shares
has properly been reported on Schedule 13G.
(b) Mr. Falb owns 111,000 shares directly or
indirectly through family members.
Page 6 of 8 Pages
CUSIP No. 891041 10 5
(c) Mr. Dane does not own any shares directly
or indirectly through family members or
otherwise.
(d) Firethorn I Limited Partnership
("Firethorn I") is a private investment
partnership which directly owns 188,000
shares.
Item 5 is amended and restated to read in its entirety as follows:
Item 5(a)
Shares
Beneficially Percentage
Owned of Class
------------ -----------
Peter L. Falb 696,800 13.2%
Edward Nathan Dane 585,800 11.1
Dane, Falb, Stone & Co., Inc. 188,000 3.6
Firethorn I Limited Partnership 396,800 7.5
Item 5(a)
Sole Shared Sole Shared
Voting Voting Dispositive Dispositive
Power Power Power Power
--------- ------- ----------- ---------
Peter L. Falb 111,000 585,800 111,000 585,800
Edward Nathan Dane -- 585,800 -- 585,800
Dane, Falb, Stone & Co., Inc. 396,000 800 396,000 800
Firethorn I Limited Partnership 188,000 -- 188,000 --
Page 7 of 8 Pages
CUSIP No. 891041 10 5
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
August 16, 1996 Peter L. Falb
August 16, 1996 Edward Nathan Dane
DANE, FALB, STONE & CO., INC.
August 16, 1996 By: Peter L. Falb, Treasurer
August 16, 1996 By: Edward Nathan Dane, President
FIRETHORN I LIMITED PARTNERSHIP
By: FIRETHORN II LIMITED PARTNERSHIP,
its general partner
By: EAGLEROCK CORPORATION, its
general partner
August 16, 1996 By: Peter L. Falb, Treasurer
August 16, 1996 By: Edward Nathan Dane, President
Page 8 of 8 Pages
